Indo Borax & Chemicals Ltd
Indo Borax & Chemicals Ltd. was incorporated in the year 1980 in Asangaon and its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983. The company was listed in 1993. Today, Indo Borax operates a Boric Acid and Borax plant at Pithampur. The company is engaged in the manufacturing of Boron products and Lithium Hydroxide. [1]
- Market Cap ₹ 520 Cr.
- Current Price ₹ 162
- High / Low ₹ 238 / 99.2
- Stock P/E 12.9
- Book Value ₹ 84.8
- Dividend Yield 0.61 %
- ROCE 28.7 %
- ROE 21.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 29.7% CAGR over last 5 years
Cons
- Promoter holding has decreased over last 3 years: -3.35%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
46 | 66 | 77 | 87 | 70 | 67 | 101 | 128 | 115 | 144 | 176 | 225 | 202 | |
37 | 49 | 62 | 69 | 57 | 56 | 83 | 108 | 97 | 100 | 128 | 163 | 155 | |
Operating Profit | 9 | 17 | 15 | 19 | 12 | 10 | 18 | 20 | 19 | 44 | 48 | 62 | 47 |
OPM % | 20% | 26% | 19% | 21% | 18% | 15% | 17% | 16% | 16% | 31% | 27% | 28% | 23% |
2 | 2 | 2 | 3 | 3 | 3 | 4 | 6 | 5 | 4 | 3 | 9 | 11 | |
Interest | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
Profit before tax | 11 | 17 | 16 | 20 | 14 | 12 | 20 | 24 | 22 | 47 | 50 | 69 | 55 |
Tax % | 32% | 34% | 33% | 32% | 32% | 31% | 34% | 28% | 24% | 26% | 27% | 26% | |
7 | 11 | 10 | 14 | 9 | 8 | 13 | 18 | 17 | 34 | 36 | 51 | 40 | |
EPS in Rs | 2.08 | 3.28 | 2.91 | 4.08 | 2.88 | 2.49 | 4.17 | 5.46 | 5.28 | 10.67 | 11.33 | 15.80 | 12.51 |
Dividend Payout % | 7% | 5% | 5% | 4% | 5% | 6% | 4% | 3% | 4% | 9% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 17% |
3 Years: | 25% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 30% |
3 Years: | 44% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 30% |
3 Years: | 37% |
1 Year: | 55% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 19% |
3 Years: | 21% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 46 | 56 | 64 | 75 | 84 | 91 | 101 | 118 | 135 | 170 | 204 | 252 | 269 |
5 | 7 | 4 | 5 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
6 | 13 | 8 | 9 | 8 | 10 | 12 | 11 | 10 | 17 | 14 | 20 | 16 | |
Total Liabilities | 60 | 79 | 80 | 92 | 97 | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 288 |
3 | 3 | 3 | 11 | 21 | 52 | 51 | 50 | 46 | 89 | 91 | 96 | 95 | |
CWIP | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 |
Investments | 21 | 22 | 35 | 14 | 32 | 23 | 20 | 37 | 18 | 30 | 4 | 9 | 27 |
36 | 54 | 42 | 65 | 43 | 29 | 45 | 44 | 84 | 70 | 126 | 169 | 162 | |
Total Assets | 60 | 79 | 80 | 92 | 97 | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 288 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 1 | 18 | 0 | 18 | 21 | 1 | 15 | 13 | 16 | 11 | 60 | |
-10 | -2 | -11 | 13 | -26 | -24 | 5 | -16 | 26 | -54 | 26 | -8 | |
2 | 1 | -5 | -1 | -4 | -1 | -2 | -1 | -1 | -1 | -3 | -3 | |
Net Cash Flow | -5 | 1 | 3 | 12 | -12 | -4 | 5 | -2 | 38 | -39 | 34 | 49 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22 | 17 | 17 | 25 | 30 | 28 | 32 | 27 | 26 | 22 | 21 | 21 |
Inventory Days | 342 | 400 | 220 | 252 | 221 | 70 | 59 | 53 | 56 | 176 | 309 | 195 |
Days Payable | 40 | 47 | 31 | 35 | 39 | 35 | 19 | 9 | 15 | 31 | 23 | 12 |
Cash Conversion Cycle | 324 | 370 | 206 | 242 | 211 | 63 | 72 | 71 | 66 | 166 | 307 | 204 |
Working Capital Days | 148 | 142 | 103 | 139 | 120 | 46 | 74 | 66 | 40 | 81 | 143 | 96 |
ROCE % | 22% | 30% | 23% | 26% | 16% | 13% | 20% | 21% | 17% | 30% | 26% | 29% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2015
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Portfolio
The Company is engaged in the manufacturing and selling of chemicals. Its product portfolio includes Boron and Lithium products which include Boric Acid Technical Grade Powder & Granular, Boric Acid IP Grade (Indian Pharmacopoeia Grade) Powder & Granular, and Lithium Hydroxide Monohydrate [1]